Which of the following describes "assumption of risk"?

The concept of "assumption of risk" is accurately described as voluntarily placing oneself in danger. This legal doctrine applies when an individual understands and consciously accepts the risks involved in a specific activity or situation, thus acknowledging that they may be injured or harmed as a result of that engagement. By participating in an activity where risks are inherent, such as sports or certain recreational activities, an individual can be considered to have assumed those risks.

In this context, the other options do not align with the definition of assumption of risk. Being protected by insurance pertains to coverage provided by an insurance policy and does not relate to the individual's acceptance of risk. Not being liable due to negligence involves different legal principles, where a party may not be held responsible for harm if they did not breach a duty of care. Accepting full liability describes a situation where an individual takes on all responsibility for potential damages or injuries, which is fundamentally different from willingly assuming known risks related to an activity. Thus, option A is the most fitting description of the principle of assumption of risk.